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AverageJoe

42,958 Posts.

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18/02/19

21:56

Post #: 37477239
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Originally posted by ourlady ↑

I mentioned the rising price of walnuts awhile back, a couple of years back I could buy a kilo for around $10, recently same looking package but a half kilo for $10 and blow me yesterday, now 350 grams for $10. That is inflation.

Was talking to a lady friend today regarding the growing unemployment, even here at a fairly well off place like Warrnambool where there is a growing number of around 60 year old women who cannot get work gather in their cars at night in a shopping car park not far from the police station here. Shops are closing as people are cutting back to just necessities.

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Not a very liquid necessary good product to be conducting or measuring inflation. I could argue a brand new Corolla 10 years ago cost just as much today but with inferior features. Tepid inflation?
2 Upvote

0 Great analysis

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